Question

broker-dealer based in New York has a Net Capital requirement of $100,000. The broker-dealer also has 2 branch offices in New Jersey and 1 branch office in Connecticut. Under Uniform State Law, the Net Capital requirement for this broker-dealer is:

Answer 1

$100,000

Step-by-step explanation:

Data provided in the question

Net capital requirement = $100,000

Number of branch offices = 3

Based on the above information

The net capital requirement for this broker-dealer is $100,000. According to the uniform state law refers to the law in which there is uniformity or the same laws to be followed from state to state

Since the net capital is $100,000 so the same is to be considered in case of 3 branches offices as there is an existence of uniformity